Subject to final definition by the United States Government, Raytheon will deliver 134 active electronically scanned array radar systems with deliveries anticipated to start in late 2016. The scope includes AESA radar development, production of test assets for the system design and development program, and production.

Raytheon has demonstrated F-16 platform expertise by delivering mission critical avionics systems including the modular mission computer, electronic warfare systems, and various weapons. This selection adds the F-16 Fighting Falcon to the family of fighters retrofitted with Raytheon's AESA-based radars (F-15C, F-15E and the F/A-18E/F).

"RACR complements and leverages Raytheon's F-16 avionics heritage to provide the lowest risk, most affordable and highest reliability AESA retrofit solution," said Jim Hvizd, vice president of International Strategy and Business Development for Raytheon's Space and Airborne Systems business. "This experience has directly contributed to the ease of installation and performance that continues to exceed customer needs."

The Republic of Korea selection bolsters Raytheon's AESA radar production base, which has already delivered more than 500 AESA systems worldwide, supporting more than 400,000 operational tactical flight hours, both industry firsts.

About RaytheonRaytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.